18-Sep-2019: The global diabetic
footwear market size is expected to reach USD 9.65
billion by 2025, according to a new report by Grand View Research, Inc. It is
projected to expand at a CAGR of 7.6% during the forecast period. Rising
importance of specialty footwear which improve the lower body posture and
protect the feet from fungal infection is expected to remain a favorable
factor. Furthermore, rising concerns over adverse effects associated with
obesity are expected to promote the use of diabetic footwear as a preventive
measure.
Shoes are expected
to generate a revenue of USD 3.31 billion by 2025. The segment is expected to
lead the market in light of its increased utility among office-going
population. Furthermore, fluctuating diet patterns and hectic lifestyle among
middle class population in emerging economies including China and India is
expected to encourage consumers to use diabetic shoes as a regular footwear
option.
In
depth research report on Diabetic Footwear Market
Further key findings from the report suggest:
·
Sandals is expected to witness a CAGR of 7.3% from 2019 to
2025, owing to increased usage of these products as casual footwear by people
in the age group of 45+ in developed economies including Germany and U.K.
·
Slippers generated a revenue of USD 1.99 billion in 2018. The
segment is expected to hold more than 30% of global market share on account of
predominant usage as daily home footwear among health conscious consumers
·
Online segment is expected to remain the most lucrative
distribution channel over the next eight years. These channels are expected to
remain a preferred choice on account of various value-added benefits including
cash benefits and free-home delivery by the footwear companies and e-commerce
portals
·
Europe is expected to remain one of the largest markets,
accounting for more than USD 1.93 billion by 2025. The region is expected to
lead on account of increasing health consciousness of consumers from prominent
markets such as Germany, U.K., France, and Italy
·
The diabetic footwear market is highly competitive in nature
with the main players including DJO Global Inc.; Drew Shoes; I-Runner; and Dr.
Zen Products, Inc. Various manufacturers are concentrating on new product
launches, capacity expansion, and technological innovation to cater to the
existing and future demand from new application segments.
Grand View Research
has segmented the global diabetic footwear market on the basis of product,
distribution channel, and region:
Diabetic Footwear Product Outlook (Revenue, USD Million, 2015
- 2025)
·
Slippers
·
Sandals
·
Shoes
Diabetic Footwear Distribution Channel Outlook (Revenue, USD
Million, 2015 - 2025)
·
Online
·
Offline
Browse
more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
No comments:
Post a Comment